Marketplace®

Daily business news and economic stories

Blame the weather on lower sales and housing starts?

Temperatures were down across much of the United States, causing consumers to huddle at home instead of going out.

The biggest employer in America reports that sales are down, and there were some other less-than thrilling numbers out today.

The reason? The weather, reports Dianne Swonk of Mesirow Financial.

“A lot of retailers had to do a lot of heavy discounting in response to the weather, particularly in March,” she said.

Temperatures were down across much of the United States, causing consumers to huddle at home instead of going out.

“No one was really out there buying Easter bonnets,” Swonk said.

April proved to be somewhat better, but not by much.

In housing numbers there was also a downward turn, almost entirely in the South, Swonk said. Weather, again, might be to blame. 

All in all? The rose colored glasses of the first quarter may have come off.

“The US economy has moderated after a strong start to the year,” she said.

Related Topics

Latest Episodes

View All Shows
  • Marketplace
    5 hours ago
    25:19
  • Make Me Smart
    10 hours ago
    19:00
  • Marketplace Morning Report
    13 hours ago
    6:55
  • Marketplace Tech
    17 hours ago
    8:33
  • This Is Uncomfortable
    3 days ago
    56:05
  • Million Bazillion
    24 days ago
    32:45